COVID-19 and Responsible Business Conduct

News item | 07-05-2020 | 15:13

The NCP calls upon companies to operate according to the Responsible Business Conduct (RBC) during and after the Covid-19 crisis by respecting the OECD Guidelines.

The COVID-19 crisis has impacted the economy, people and our planet. Although many businesses are economically struggling, it is our strong believe that adopting an RBC approach in business responses to the Covid-19 crisis will generate short and long-term benefits for businesses and a stronger contribution to sustainable development.

An RBC approach helps ensure that strategies to respond to the crisis identify and address potential adverse impacts on people, the planet and society at large. These strategies can often be put in place with few resources and bring direct economic benefits for companies improving stock prices, avoiding volatility, increasing long-term value, improving access to emergency funds and capital, mitigating legal risks and protecting brand value and reputation.